Stewart acquires Cloudvirga to strengthen its digital footprint


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HOUSTON – (BUSINESS WIRE) – Stewart Information Services Corporation (NYSE: STC), today announced its acquisition of Cloudvirga, a leading digital mortgage fintech company, adding a leading customer engagement technology platform to the Stewart family. The addition of Cloudvirga strengthens Stewart’s positioning in mortgage financing and enables it to better serve clients in all markets.

“By bringing the capabilities and solutions of Cloudvirga to the Stewart family, we further demonstrate our commitment to create a cutting-edge platform for clients to facilitate use throughout the real estate transaction,” said the CEO by Stewart, Fred Eppinger. “Combined with our newly acquired capabilities such as RON, a network of notaries and valuation services, Cloudvirga’s platform will accelerate our digital offerings in all markets, complement our existing capabilities and enhance our ability to provide clients with end-to-end mortgage services and solutions. . ”

Founded by industry experts in 2016, Cloudvirga is a customer engagement platform and digital origination platform that powers lenders, originators and brokers while automating back office tasks. Several of the country’s largest lenders trust Cloudvirga as a digital front-end solution.

“We are thrilled with the opportunity to join Stewart at this important time in our industry,” said Kyle Kamrooz, Co-Founder and CEO of Cloudvirga. “Supporting an industry leader like Stewart will allow us to increase value for our customers as we streamline and accelerate the origination process.”

Houlihan Lokey acted as Cloudvirga’s exclusive financial advisor in this transaction.

About Stewart

Stewart (NYSE-STC) is a global real estate services company, delivering products and services through our direct operations, our network of Stewart Trusted Providers â„¢ and our family of companies. From residential and commercial title insurance and closing and settlement services to specialist mortgage offerings, we provide the full service, in-depth expertise and solutions our clients need for any real estate transaction. At Stewart, we are committed to being the premier securities services company and we are committed to doing so by partnering with our clients to create mutual success. Learn more about stewart.com.

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